MalcSB
Well-Known Member
It’s paid every 6 months, so they will be expected to pay £1,137,500 in the next few weeks, I would imagine it won’t be paid if they go in to admin.
It’s paid every 6 months, so they will be expected to pay £1,137,500 in the next few weeks, I would imagine it won’t be paid if they go in to admin.At 6.5%, it's just eating away at their funds. Interest = £2.275m pa on £35m (if my Maths is up to scratch). so if they pay quarterly (?), they're having to find £568,750 every quarter ! Can't see where that's coming from, unless it's Richardson or the original bond money itself.
Apologies. in advance if I have miscalculated (won't be the first or last time !)
Add that to the supposed 2mill to HMRC and you have a very big hole.It’s paid every 6 months, so they will be expected to pay £1,137,500 in the next few weeks, I would imagine it won’t be paid if they go in to admin.
I think when the interest payments stop then we might see more action from the bondholders
The bondholders seem to be very worried with Wasps appointing their choice of administrator. They need 25% of those holding bonds to vote against it, but without more time, that's unlikely.I think when the interest payments stop then we might see more action from the bondholders
I think it’s very likely that the bondholders who are organising themselves will have 25% of the votes cast. which is the magic figure.The bondholders seem to be very worried with Wasps appointing their choice of administrator. They need 25% of those holding bonds to vote against it, but without more time, that's unlikely.
Wasps online shop down for maintenance?
Some massive savings gonna beWonder if currency weakness might tempt a few more transatlantic type takeovers in sporting circles.
I see they’re coming round to the fact Coventry isn’t working on Drunken wasps - covkid really wants the football team to fail doesn’t he.
Wonder if currency weakness might tempt a few more transatlantic type takeovers in sporting circles.
Even he’s accepting it - but using it to throw shade at the city “the city can’t sustain elite sport”I thought he may be Tim Kalns
Wasps online shop down for maintenance?
Don't we use the same retail partner!?!.....It is a bit odd. Landing page banner is promoting the new kit, but when you click on the link to the store you get a very basic holding page message of -
We are currently in the process of moving warehouse. The Site will be back up and running from the 29th of September. Please allow 10 working days to receive any orders that have been placed. We apologise for any inconvenience this may cause.
Why would moving warehouse stop them taking orders? Surely that would just delay dispatch by 3 days?...
Looks bleak for Worcester they have been suspended from all tournaments
Don't think they are in admin yet (could be wrong) radio said that they couldn't put together a viable business case going forwards... who was governing that I don't know......Well the RFU don't seem to be fucking round when it comes to clubs and adminimagine if the EFL did the same.
Wasps are fucked then, they haven't had a viable business plan in years.Don't think they are in admin yet (could be wrong) radio said that they couldn't put together a viable business case going forwards... who was governing that I don't know......
Perhaps the warehouse is moving to London. Fingers crossed.It is a bit odd. Landing page banner is promoting the new kit, but when you click on the link to the store you get a very basic holding page message of -
We are currently in the process of moving warehouse. The Site will be back up and running from the 29th of September. Please allow 10 working days to receive any orders that have been placed. We apologise for any inconvenience this may cause.
Why would moving warehouse stop them taking orders? Surely that would just delay dispatch by 3 days?...
Yeah, I thought that, not sure who they have had to "report to" regarding this... guess part of it relates to non payment of wages. Wasps seemingly can do this....Wasps are fucked then, they haven't had a viable business plan in years.
Yes we doDon't we use the same retail partner!?!.....
The reason for the suspension today is the expiry of Worcester's Public Liability InsuranceSo Worcester have now been suspended from the league without entering administration, will the same not now happen to London Wasp?
I think they're in admin nowThe reason for the suspension today is the expiry of Worcester's Public Liability Insurance
We did for 37 years…. Just saying!Even he’s accepting it - but using it to throw shade at the city “the city can’t sustain elite sport”
bizarre poster he is
Classic tactics just before an AdministrationIt is a bit odd. Landing page banner is promoting the new kit, but when you click on the link to the store you get a very basic holding page message of -
We are currently in the process of moving warehouse. The Site will be back up and running from the 29th of September. Please allow 10 working days to receive any orders that have been placed. We apologise for any inconvenience this may cause.
Why would moving warehouse stop them taking orders? Surely that would just delay dispatch by 3 days?...
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